Here's two links:
The first one shows (sort of) how to open up the iMac and replace the graphics card. Remember everyone, only the 24" iMac has a graphics card that can be swapped out, all the other iMacs have a soldered-on graphics card as far as I know.
http://www.techdc.com/imac-24-opened-and-upgraded
This second link is for replacing the HD in your iMac, but it shows quite nicely how to open up the case:
http://home.comcast.net/~woojo/DFFA53A0-F23D-4541-9015-481FD3B6532E/iMac_Disasse mbly.html
And here, posted earlier in the thread by another great user, are step-by-step instructions for the whole process. Be forewarned, this is NOT a simple "pop in the new card" procedure, do this only if you're comfortable with possibly destroying your iMac completely. I personally am, because if this doesn't work I'll have to buy a new one anyways, freaking apple thanks for sticking it to me like that.
Ok, for those who want to do this themselves, here's what you'll need:
* 2006 Intel 24" iMac with borked graphics card
* New graphics card from welovemacs.com (or some other authorized Apple reseller)
* Standard screwdriver set
* Torx screwdriver set
* Table big enough to lay your iMac down
* Bags or bowls to hold screws (label each with the step number)
* These instructions (printed so you can check off the steps, twice)
Step 1: REMOVE THE CASE FRONT
Stand the iMac at the edge of the table and tilt back so that the bottom edge is exposed.
* remove bottom screws (4x torx)
* loosed memory cover screws (2x philips) and remove memory cover
* while keeping the two grey memory tabs "up" in the case, pry the bottom of the case towards you until the bottom edge comes loose
* keep working front of the case until the top comes loose
* find and disconnect the iSight and Mic connectors before pulling the front of the case completely off the iMac
* once the case front is removed, lay the iMac on its back for the remainder of the operation
Step 2: CONDUCTIVE TAPE PEELBACK
On the "bottom corners" of the iMac, there is a small amount of conductive black and silver tape. Gently peel this tape away from the components (speakers and LCD) so that it isn't going to prevent these components from being removed.
Step 3: SPEAKER REMOVAL
Well, you're not going to actually remove the speakers yet, but you need to pull them out from where they are sitting.
* Remove left speaker screw (1x long torx)
* Remove right speaker screw (1x medium torx)
* pull both speakers out, but tuck them between the "bottom" edge of the case and the stand
* DONT TUG ON THE CABLING! we'll get to that later
Step 4: LCD REMOVAL
You may need another person to help hold the LCD while you disconnect two connectors. Please be careful with the delicate LCD screen. You don't want to have to replace that, too!
* Remove screws at the "bottom" edge of the LCD that used to be covered by the speakers (2x long torx)
* Remove screws along the "left" and "right" edges of the LCD (8x short torx)
* Disconnect the "INVERTER" connector at the "bottom" edge of the case, to the left of the memory slots
* Pull out the LCD about 6" or so and locate the cable that is still attached to the panel
* With the LCD in midair, unhook the connector on the underside of the LCD panel (this one gave me a bit of trouble so be careful with it)
* Remove the LCD completely and store it somewhere safe
Step 5: LEFT FAN REMOVAL (THE LONG ONE)
* Disconnect the left fan cable connector
* Remove the left fan (just wiggle and tug until it pops out)
Step 6: RIGHT FAN REMOVAL (THE SHORT ONE)
* Disconnect the right fan cable connector
* Remove the right fan (again, just wiggle and tug)
Step 7: REMOVE RIGHT SPEAKER
* Disconnect the right speaker's cable connector
* Remove the right speaker
Step 8: LOGIC BOARD CONNECTOR DISCONNECTIONS
Quite a few connectors on the logic board to disconnect, so stay sharp and check them off as you go:
* Disconnect "PWR" (tiny, near the INVERTER and left speaker connectors)
* Disconnect wireless antenna connector (black wire near the left speaker connector, wiggle and tug)
* Disconnect "AMBIENT TEMP" (left side of memory modules)
* Disconnect "HD SATA" (near the main power connector, right of the memory modules)
* Disconnect main power (giant black connector)
* Disconnect "COM and MIC" (just to the right of the right fan's connector)
* Disconnect BlueTooth antenna connectors (2x wiggle and tug)
* Disconnect right speaker connector (top right edge of logic board)
* Disconnect "OD TEMP"
* Disconnect OD connector (thin orange plastic connector with tiny embedded wires; be careful!)
* Disconnect "HD BLOWER" ("top" of logic board)
* Disconnect "HD TEMP" ("top" of logic board)
Step 9: LOGIC BOARD SCREW REMOVAL
Remove screws on "bottom" edge of logic board (4x torx)
a. near the INVERTER connection, by the left fan
b. near the main power connector
c. near the HD SATA connector
d. near the "bottom right" edge
Remove screws on the "top" edge of the logic board (1x torx)
e. near the right speaker connector (top right edge)
Remove screws within the metal "framework" on the top of the logic board: (3x torx, with etched arrows pointing to them)
f. near the OD, top right side of the logic board
g. near the middle of the logic board
h. near the heat sinks (top left edge of the logic board)
Remove screws holding the heat sinks in place (2x torx)
i. top left edge of the top heat sink
j. bottom left edge of the bottom heat sink
Step 10: LOGIC BOARD REMOVAL
Almost there! Black sticky tape/foam connects the (covered in black paper) power supply to the heat sinks. It must be removed first:
* Gently peel back the black foam the is stuck to the metal framework on the top edge of the top heatsink
* If you're careful, the black tape/foam shouldn't tear
* Lift out the logic board, flip it over, and set it on a flat surface
Step 11: GRAPHICS CARD REPLACEMENT
You did order a new card, right?
OK, get the logic board situated so that:
* heat sinks are on the bottom left corner
* memory modules are on the top edge
* external connectors are on the top right corner
There are three screws to remove to free the old graphics card:
* on the left side of the bottom heat sink (1x torx)
* on the bottom left and right corners of the graphics card board (2x torx)
Once those are removed, you can wiggle and tug the graphics card board down (towards the bottom edge of the logic board) until the connector comes loose.
To replace the graphics card, just pop the board connectors in and replace the three screws.
Before putting your system back together, you can take this opportunity to improve your iMac's airflow by giving it a good cleaning. I suggest ditching those terrible air cans and just getting a shop vac with a brush attachment.
Also, you have a perfect opportunity here to upgrade your hard drive.
Now, as for the rebuild instructions, just follow the instructions in reverse! Hope this helps someone out there and please let me know if I've made any errors or omissions.
ADDITIONAL INFO
It is not necessary to remove the two screws on the bottom of the LCD panel, behind the speakers. In fact, it's not necessary to take out the left speaker at all.
3. It is also not necessary to remove either of the fans.
4. Before removing the LCD panel, disconnect both the inverter connector, and the LVDS connector (has two T-6 torx screws holding this cable in, and is just to the right of the battery). This way, when you lift up the LCD panel, it will come right out - there's no need to disconnect a cable from the bottom of the LCD panel while you're holding it.
5. m104's instructions remove 10 screws from the logic board, but only 8 are necessary to remove.